$BTC

US to Dominate Bitcoin Mining with Over 40% of Global Hashrate by End of 2024

Description

The United States (US) has solidified its position as the leader in Bitcoin mining by controlling over 40% of the global hashrate by the end of 2024. This is due to the collaboration between two large US-based mining pools, Foundry USA and MARA Pool. Foundry USA has seen a significant increase in hashrate, from 157 exahashes per second (EH/s) at the beginning of the year to around 280 EH/s in December, making it the largest mining pool in the world with control of 36.5% of the total Bitcoin network hashrate [2].